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Calpine Corp (CPN): Today's Featured Utilities Winner

Calpine (
CPN) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.3%. By the end of trading, Calpine rose 33 cents (1.9%) to $17.60 on average volume. Throughout the day, 4.7 million shares of Calpine exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $17.39-$17.83 after having opened the day at $17.70 as compared to the previous trading day's close of $17.27. Other companies within the Utilities sector that increased today were:
Distribution and Marketing Company of the N (
EDN), up 15.7%,
Pure Cycle Corporation (
PCYO), up 5.2%,
Basic Sanitation Company of the State of Sa (
SBS), up 3.3%, and
Black Hills Corporation (
BKH), up 2.9%.

Calpine Corporation, an independent wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines, as well as cogeneration power plants. Calpine has a market cap of $8.37 billion and is part of the
utilities industry. The company has a P/E ratio of 86.7, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Monday. Currently there are six analysts that rate Calpine a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Calpine as a
sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and poor profit margins.